chief Les Moonves missed his chance to be king of all media stocks, Jim Cramer said Thursday on
"Stop Trading!" segment.
Cramer said CBS had a decent quarter, driven by its always riveting billboard advertising business. But Cramer took issue with Moonves' failure to ratchet up the media company's dividend.
"The market is beginning to question big buybacks," Cramer said, explaining that massive repurchases mostly benefit hedge funds, whereas dividends help regular investors. "CBS could be a huge dividend stock. This was a chance for Les to make his stock more."
Cramer said Moonves missed his chance, though. He called CBS stock a "tepid buy" and former corporate sibling
a strong sell as
gains momentum in kids' TV.
Cramer also said he's concerned about the recent trading in
. Given soft same-store sales and resulting selloffs at
and other hot retailers, Cramer said he sees a risk that Best Buy will drop $3 from a recent $53 and change before it starts going up again.
Cramer is also concerned about poor action in
heading into their earnings reports after the close Thursday.
At the time of publication, Cramer had no positions in stocks mentioned.
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